Jeep Offers Up To $10,500 In Incentives And 0% APR Financing, Making Its First Electric SUV More Affordable Than Ever

In a strategic move to attract buyers to its first electric SUV in the US market, Jeep has announced substantial Presidents’ Day discounts on the 2024 Wagoneer S electric vehicle (EV), potentially saving customers over $10,500 on their purchases.

The new promotion combines multiple incentives to create an attractive package for potential buyers. The centerpiece is a $3,000 Presidents’ Day Combo Bonus Cash offer, which can be combined with other existing deals, including a $7,500 lease credit. This combination brings the total potential savings to $10,500 on the Wagoneer S Obsidian model.
Adding to the appeal, Jeep offers a 0% APR financing option for 72 months, which can be combined with the Presidents’ Day bonus – a notable change from previous incentives. This financing offer alone could translate to approximately $16,000 in savings compared to a traditional six-year loan at 7% APR on a $70,000 vehicle.

Jeep CEO Antonio Filosa has positioned the Wagoneer S as marking “a new chapter in the storied history of the Jeep brand.” The company has also introduced a new Wagoneer S Limited trim, priced at $66,995, offering a more accessible entry point that’s $5,000 less than the Launch Edition.
In addition, Jeep enhances the ownership experience by offering buyers a choice between a 48-amp Level 2 home charger or equivalent public charging credits through Free2move Charge with every purchase. Furthermore, the Wagoneer S Limited trim qualifies for the $7,500 federal EV tax credit under the Inflation Reduction Act.
The promotion represents a shift in Jeep’s dealer incentive strategy. Previously, dealers could retain the Wagoneer S incentive, but under the new Presidents’ Day promotion, they must pass the cash rebate directly to buyers, ensuring customers receive the full benefit of the discount.
Moreover, this aggressive pricing strategy is not limited to Jeep within the Stellantis family. Sister brand Dodge is offering similar incentives on its 2024 Charger Daytona EV, including a $3,000 Presidents’ Day bonus and the same 72-month 0% APR financing option.
Interested buyers should note that these promotional offers are time-limited, with the current deals expiring on March 3rd. The combination of cash bonuses, lease credits, and favorable financing terms designates one of the most substantial discount packages offered on a new EV in this segment.
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